If you're wondering how you can get started with stock investing and the stock market, you need to ask yourself a few questions...
1. How serious are you about your future?
Don't laugh, but a lot of OFWs are unable to save and prepare for their own future, because they're busy helping out family members, relatives, and friends in their hour of need.
Let's face it... It feels GOOD to be feel wanted. To feel NEEDED by someone.
That's why we sacrifice for our loved ones, and in the process sometimes forget ourselves.
If we want to truly love others, we need to learn to love ourselves.
And that involves seriously preparing for our future.
2. How do we set aside parts of our earnings?
In the Abundance Formula of Bo Sanchez we read that:
10% of our Gross Earnings - goes to tithes
20% - goes to savings/investments/stock market
70% - the rest (water, food, electricity, shelter, education/training, health, repairs, recreation, travel)
Goal: Set aside at least P2,500 every month and invest that in the stock market.
Did you know that the kasambahays of Bo Sanchez invest P2,500 a month in the stock market?
3. Invest In Yourself.
That means you will fill your mind with information that will help you move forward.
Sure, you can spend your own time learning about so many things. Or you can save time and invest money in the knowledge and information that others can provide you.
Remember, it's all about the flow.
So here are the next steps....
Step #1: Ask yourself if you're prepared to invest at least P2,500 each month in the stock market.
Please keep in mind that the funds you plan to invest are not ear-marked for other things in the short-term. For example, please do NOT invest tuition money in the stock market.
If you get caught in a timing issue and the market is down, you might not be able to recover the tuition money when you need it.
In short, invest only funds which you can afford to not even look at over the next 10 years.
Yes, we're talking about long-term stock investing.
Step #2: Ask yourself if you're prepared to invest P497/month for stock market information.
Alternatively, you can spend your own time doing the research, reading all the reports, and summarizing all that in an easy to ready table that shows which stocks to continue buying, or which to stop buying for now, or which to sell.
Personally, I happily pay Bo Sanchez for the monthly Stocks Update Newsletter because it saves me a lot of time.
Have you said YES to both Steps #1 and #2? Great!
Please enter your Name and Email into the form on the right or top of this page, and get more info from TrulyRichPinoy.com
Kind regards,
Manny
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